Kenya has an economy that’s based on its market. Some of the most vital industries in the country include tourism, energy, financial services, and agriculture. The Kenyan government is so much friendly to investors, which has boosted the chances of many multinationals venturing into the country. Many money transfer apps allow you to send money to Kenya. So, if you are sending money to Africa, especially Kenya, read on.
Money transfer apps are a safe alternative to using banks and one of the cheapest ways to transfer money internationally, especially in Africa. But you need to note that there are different money transfer apps in the market. Also, note that they differ in terms of features, services, and the charges they impose on transactions. So, are you looking for the most reliable money transfer app to send money to Kenya?
How You Can Send Money to Kenya
There are tons of ways that you can send money to Kenya. The simple procedure that you’ll need to follow is:
Find a Reliable Money Transfer App
When looking for the most reliable option for sending money to Africa, you need to focus on several factors. Security is top on the list of factors that you’ll need to have in mind. There’s no point in using an app that you can’t trust with your money. Thus, always focus on an app with several layers of authentication, encryption, and security.
The next thing you’d want to check is the speed of delivery. How fast does the money transfer app deliver the funds to the recipient? Sometimes you’ve received a distress call and you need to send money urgently back home. You can’t afford to use an app that takes too long to deliver funds.
Lastly, consider the fees you’ll pay for the transaction. How expensive or cheap are their rates. Do they offer fair exchange rates for transactions? These are just but some of the things that you’d have to ask and consider.
Register with Your Chosen App
Once you have completed the vetting process and landed on the exact app to use for sending money to Africa, register. Registration differs depending on the app that you’re using. For some, it will only need your basic details. For others, you’ll have to provide extra identification documents for security. The latter is better but can be inconvenient when you’re in a hurry.
After registration, the only procedure waiting is for you to transfer the funds to your intended recipient.
Editor’s Choice for Sending Money to Africa/Kenya: Afriex
Afriex money transfer app is the best bet you can use for sending money to Africa. It has a deep network in African countries, including Kenya. This ensures that you can seamlessly send money to your loved ones while working or living abroad.
The advantage Afriex has over other money transfer services is the fact that they also offer cryptocurrency transfers. Yes, you can send Bitcoins through Afriex. Their security levels are also sophisticated and ensure that your funds are always safe while moving through borders.
The user interface is attractive and simple. It doesn’t matter if you’re tech-savvy or not – you can easily use this service to send and even receive funds. It also has a load of other features that will impress you.
Why People Send Money to Kenya
So, what are some of the common reasons why people transfer funds to Kenya? Most Kenyans living abroad go to get a better life for themselves and their loved ones. Hence, they frequently need to send funds back home. These funds help to support their loved ones and equally take on projects such as a building. Here’s a brief list of the reasons why Kenyans send money back home:
· Social contributions such as weddings, community projects, and other celebrations.
· For medical care.
· For savings and investments.
· Loans and mortgages.
· Supporting their families.
Why Use a Money Transfer App
Instead of using banks, people prefer using money transfer apps for sending money to Africa. Why is this the case? Well, there are clear benefits of choosing such an option, including:
Money transfer apps charge a fraction of the average cost banks charge to send money. This implies that you can transfer more funds for much less.
Wider Geographical Spread
Money transfer apps have wider coverage in Africa and the rest of the world. This makes them the best pick for sending money to Africa.
Money transfers via apps take not more than a day for most transactions. Sometimes, funds get to the recipient in a matter of minutes. Speed is of the essence when you’re sending funds for an emergency.
Favorable Exchange Rates
Money transfer services use the mid-market exchange rate, which is pretty fair and competitive.
Simple to Set Up and Use
Most money transfer apps have an easy-to-use interface that anyone can interpret. This makes it a lot easier to send money to loved ones back in Kenya.
Money transfer services support the use of different currencies. So, whether you’re sending the US dollar or the Euro, you have an easy way out. They exchange the currencies to Kenyan shillings so that your recipient gets the funds in the native currency.
So, if you’re planning to send funds to Kenya, Afriex money transfer app will serve you perfectly. Thanks to technological advancements, sending money to Africa doesn’t have to be a challenge anymore.